Andrew Carter: last of the fund industry elders

The UK’s messy divorce from the EU has been a source of frustration for fund management executives since the referendum nearly three years ago. But for Andrew Carter, chief executive of Royal London Asset Management, arguably the most British-sounding investment group, the Brexit vote brought an unexpected bonus.

“We had set a target of hitting £100bn of assets by 2020, but with the vote, foreign currencies went up, so we reached £100bn by the end of 2016,” he says of the effect of foreign exchange moves on the group’s global holdings.”